XRP Slides Another 10% as Bullish Sentiment Remains Elusive
Don’t just sign up — trade smarter and save 20% with referral codes: Binance WZ9KD49N / OKX 26021839
XRP Slides Another 10% as Bullish Sentiment Remains Elusive
Market Pressure Mounts on XRP Amid Lingering Uncertainty
XRP has tumbled by another 10% in recent trading sessions, extending its downward trend as investor confidence wanes and bullish momentum fails to materialize. Despite earlier hopes for a recovery following Ripple’s partial legal victory against the SEC, the token continues to struggle under broader market headwinds and regulatory ambiguity.
Trading volumes have remained subdued, signaling that most retail and institutional buyers are adopting a wait-and-see approach. With Bitcoin and Ethereum also facing volatility, altcoins like XRP are particularly vulnerable to sentiment shifts and macroeconomic pressures.
Why Bulls Are Staying on the Sidelines
Several key factors are keeping potential buyers cautious:
- Regulatory overhang: Although Ripple won a significant ruling in July 2023 declaring XRP not a security when sold on exchanges, the SEC has appealed parts of the decision, leaving lingering legal uncertainty.
- Macroeconomic conditions: Rising interest rates and inflation concerns continue to dampen risk appetite across crypto markets.
- Lack of major adoption news: Despite Ripple’s partnerships with financial institutions, real-world usage of XRP for cross-border payments hasn’t scaled as quickly as anticipated.
- Technical weakness: XRP’s price has broken below key support levels, triggering stop-loss orders and discouraging new long positions.
“Until we see clearer regulatory closure or a major institutional use case go live, XRP will likely remain in a holding pattern,” said crypto analyst Maya Lin.
Comparing XRP’s Performance Against Major Cryptos
Over the past 30 days, XRP has underperformed not only Bitcoin but also several other top-10 altcoins. The table below highlights recent price changes:
| Asset | 30-Day Change | Current Price (USD) |
|---|---|---|
| Bitcoin (BTC) | -4.2% | $61,200 |
| Ethereum (ETH) | -6.1% | $3,450 |
| XRP | -12.8% | $0.51 |
| Solana (SOL) | +3.5% | $142 |
What’s Next for XRP?
While the short-term outlook appears bearish, some long-term holders remain optimistic. Ripple continues to expand its On-Demand Liquidity (ODL) service, and recent integrations in markets like Brazil and the Philippines could eventually drive organic demand for XRP.
However, traders should be aware that without a catalyst—such as a favorable final ruling in the SEC case or a surge in global payment adoption—XRP may continue to drift lower or trade sideways for weeks.
For now, caution is warranted. The absence of strong buying interest suggests that any meaningful recovery could still be months away, especially if broader crypto markets enter a deeper correction phase.
